Dearborn Partners LLC Cuts Position in Realty Income Co. (NYSE:O)

Dearborn Partners LLC cut its stake in Realty Income Co. (NYSE:O) by 0.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 94,774 shares of the real estate investment trust’s stock after selling 763 shares during the period. Dearborn Partners LLC’s holdings in Realty Income were worth $5,062,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in O. Sierra Ocean LLC purchased a new stake in Realty Income during the fourth quarter valued at about $32,000. BankPlus Trust Department purchased a new stake in Realty Income during the fourth quarter valued at about $37,000. Luken Investment Analytics LLC purchased a new stake in Realty Income during the fourth quarter valued at about $40,000. ST Germain D J Co. Inc. boosted its position in Realty Income by 306.5% during the fourth quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 567 shares during the period. Finally, United Community Bank purchased a new stake in Realty Income during the fourth quarter valued at about $43,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on O. Mizuho cut their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Stifel Nicolaus cut their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada cut their price target on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. UBS Group lowered their price objective on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Finally, Barclays upped their price objective on shares of Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $62.04.

Realty Income Price Performance

O stock opened at $58.47 on Tuesday. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The company has a market cap of $52.13 billion, a P/E ratio of 55.69, a PEG ratio of 2.10 and a beta of 1.00. The firm has a 50-day moving average of $54.85 and a 200 day moving average of $57.81. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. On average, sell-side analysts forecast that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently declared a mar 25 dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be paid a $0.268 dividend. This is an increase from Realty Income’s previous mar 25 dividend of $0.26. This represents a yield of 5.7%. The ex-dividend date of this dividend is Monday, March 3rd. Realty Income’s dividend payout ratio is presently 327.55%.

Realty Income Company Profile

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust (“REIT”), and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.